4Dec

Comex Commodity Trading Signals and Market News – 04 December 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices eased in Asia on Thursday with continued focus on the holiday demand season with investors also eyeing the dollar. On the Comex division of the New York Mercantile Exchange, gold future for February delivery traded at $1,209.10 a troy ounce, down 0.09%, after hitting an overnight session low of $1,194.20 and off a high of $1,214.90. Overnight, gold futures edged higher on Wednesday after data revealed the U.S. private sector picked up fewer jobs than expected in November, which sparked a round of bottom fishing. Gold has taken a beating in recent months on expectations for U.S. monetary policy to grow less accommodative and boost demand for the dollar, which tends to trade inversely with the yellow metal.

• U.S. Natural gas prices fell for the fifth consecutive session on Wednesday to hit the lowest level in nearly five weeks as forecasts for unusually warm December weather weighed. On the New York Mercantile Exchange, natural gas for delivery in January fell by as much as 2.42% to touch a daily low of $3.780 per million British thermal units, the weakest level since October 30, before recovering to last trade at $3.800, down 7.4 cents, or 1.91%. A day earlier, U.S. gas futures lost 13.3 cents, or 3.32%, to settle at $3.874 per million British thermal units. Futures were likely to find support at $3.768 per million British thermal units, the low from October 30, and resistance at $4.026, the high from December 2.

Copper prices edged lower on Wednesday, as a broadly stronger U.S. dollar and ongoing concerns over the health of China’s economy weighed. On the Comex division of the New York Mercantile Exchange, copper for March delivery fell 1.8 cents, or 0.61%, to trade at $2.874 a pound during European morning hours. A day earlier, copper for March delivery lost 0.6 cents, or 0.22%, to settle at $2.891 a pound. Prices hit $2.765 a pound on December 1, a level not seen since June 2010. Futures were likely to find support at $2.765 a pound, the low from December 1, and resistance at $2.899, the high from December 2.

• West Texas Intermediate and Brent oil prices tumbled sharply on Tuesday, as a broadly stronger U.S. dollar and ongoing concerns over a global supply glut weighed. On the New York Mercantile Exchange, Crude oil for delivery in January fell by as much as 3.27% to touch a daily low of $66.74 a barrel, before trading at $67.50 during U.S. morning hours, down $1.50, or 2.17%.

TRADING STRATEGY :

  • SELL GOLD BELOW 1205.5 TARGET 1200.5 1994.5 SL 1211.5
  • BUY GOLD ABOVE 1211.75 TARGET 1216.75 1222.75 SL 1205.5

For more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

4Dec

IForex Market Trading Signals and News – 04 December 2014

TRADING TIPS :

  • Forex-Aussie weaker ahead of retail, trade data sets.
  • Forex-Dollar gains on upbeat U.S. service-sector data.
  • Forex- EUR/USD drops on upbeat U.S. service-sector report.

EUR/USD
EUR/USD was down 0.52% at 1.2319, up from a session low of 1.2302 and off a high of 1.2391.The pair was likely to find support at 1.2293, the low from Aug. 20, 2012, and resistance at 1.2507,The euro weakened to two-year lows against an advancing dollar on Wednesday after a widely-watched gauge of the U.S. service sector beat expectations and fueled sentiments that recovery continues to gain momentum.Analysts had expected the index to inch up to 57.5 in November, and the better-than-expected report kept expectations firm that the Federal Reserve will move to hike interest rates next year.The overall weak data added to pressure on the European Central Bank.

USD/JPY
USD/JPY hit 119.48 during early U.S. trade, the pair\’s highest since August 2007; the pair subsequently consolidated at 119.42, edging up 0.14% The pair was likely to find support at 118.20, Tuesday\’s low and resistance at 119.85. The U.S. dollar rose to fresh seven-year highs against the yen, even after the release of disappointing private sector employment data from the U.S., as the diverging policy outlook between the Federal Reserve and the Bank of Japan continued to weigh on the yen.On Monday, ratings agency Moody’s downgraded Japan\’s sovereign debt rating by one notch to A1. The ratings agency cited uncertainty over Japan’s ability to cut its fiscal deficit following a decision by Prime Minister Shinzo Abe to delay a planned sales tax increase.

RECOMMENDATION :

1. Buy EUR/USD Above 1.2356-TG:1.2376/1.2403 SL 1.2326
2. Sell EUR/USD Below 1.2300-TG:1.2280/1.2250 SL 1.2330

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

4Dec
sgx 04 dec

Financial Sgx Singapore Stock Market Trading Picks And News – 04 December 2014

MARKET UPDATES :

  • SINGAPORE Exchange chief executive Magnus Bocker apologised for the latest market disruption, saying that the market operator takes full responsibility. “We sincerely apologise to all our securities members and their customers for the inconvenience caused by the delay in market open this morning,” Mr Bocker said in a statement. The Singapore stock market opened on higher ground after trading was delayed in the morning to resolve issues from a software glitch by SGX.
  • DEFLATION has emerged as a new global concern, as oil prices plunge and growth slows. In Singapore, however, the alarm bells aren’t ringing yet. Singapore may see its first negative monthly inflation in five years before the year’s end with the release of November’s consumer price index (CPI), but most economists see no reason to expect damaging deflation – a persistent fall in prices typically triggered by a sharp contraction in demand.
  • Petronas would its cut capital expenditure by 15% to 20% next year, in line with the other oil companies due to the weak crude oil prices. The group’s revenue for 3Q14 fell 1% y/y to RM80.37 billion mainly due to lower average realized prices for most major products coupled with the effect of the unfavorable US dollar exchange rate movement against the ringgit. Chief Executive Tan Sri Shamsul commented that payments to the government in the form of dividends, tax and royalties could be 37 percent lower next year if oil stays around $75 a barrel
  • Modest GDP growth outlook, lower core CPI-We expect Singapore to post moderate GDP growth of 2.5% in 2015, alongside a mild acceleration in global growth to 3.5%. UBS economists expect SIBOR to rise to 1.4%, in tandem with an expected Fed rate hike to 1.25%. We forecast core CPI to decline to 1.5% on lower commodity prices, weaker growth and a slacker labour market. We expect an end- 2015 US$/S$ of 1.32.
  • Low-cost and stable funding source-Singapore banks may soon be able to issue covered bonds (CBs). These are already popular in Australia, Europe and the US. CBs are secured against a specific asset pool, primarily residential mortgages. Given the regulatory cap on the amount of assets backing the bonds at 4% of a bank’s assets, the size of CBs that can be issued by our three Singapore banks works out to SGD26b, or 3% of their total interest-bearing liabilities.
  • SINGAPORE Post is buying an Australian small-parcel business for A$95 million (S$104.7 million) in cash to boost its e- commerce capabilities Down Under, the postal services provider announced on Wednesday morning. Quantium Solutions (Australia), a wholly owned subsidiary of SingPost, will buy from the New Zealand Post group all of Couriers Please Holdings, a metropolitan courier service with depots in eastern and southern Australia.
  • YZJ’s order book has yielded better than expected gross profit margins in 2014, driven by weaker steel prices as well as gains in construction efficiency for its first batch of large 10,000TEU containerships. About 25% of YZJ’s costs relate to steel plates, thus the 40% steel price fallen since these contracts were first inked in 2011 has boosted GP margins; while drydock days have been cut from 130 to 70. In 2015, we expect YZJ’s shipbuilding product mix to continue yielding healthy margins. YZJ expects to start recognizing revenue from a batch of high-priced bulk ships; this helps mitigate the impact of a 2nd batch of lower priced containership commencing recognition.

STOCK RECOMMENDATION :

  • BUY SMRT CORP ABOVE 1.625 TG 1.665 1.715 SL 1.575

For more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

3Dec

Comex Commodity Trading Signals and Market News – 03 December 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices dipped in Asia on Wednesday as investors awaited fresh cues on the dollar and holiday demand. On the Comex division of the New York Mercantile Exchange , Gold future for February delivery traded at $1,196.80 a troy ounce, down 0.13%, after hitting an overnight session low of $1,191.80 and off a high of $1,212.50. Overnight, gold futures dropped on Tuesday after the dollar firmed on news that U.S. construction activity saw an uptick in November, which boosted demand for the dollar. Gold prices tumbled sharply on Tuesday, as a broadly stronger U.S. dollar dampened the appeal of the precious metal.

Crude oil prices gained in early Asia on Wednesday after U.S. industry data showed an unexpected drop in U.S. Stocks. The American Petroleum Institute said total crude stockpiles fell 6.5 million barrels last week, gasoline stockpiles remained flat, distillate stockpiles rose 2.5 million barrels and refinery run rates increased 1.9 percentage points to 93% of capacity, according to a posting by Platts Oil on Twitter. In the New York Mercantile Exchange, West Texas Intermediate crude oil futures for delivery in January traded at $67.63 a barrel, up 0.51%, after hitting an overnight session low of $66.74 a barrel and off a high of $69.40 a barrel. The global Brent benchmark fell 2.8% to $70.54 a barrel on the ICE Futures Europe exchange on Tuesday.

Natural gas carried Monday’s losses into Tuesday after updated weather forecasting models continued to call for mild temperatures to hover over the U.S. in the coming days, which should curb demand for heating. On the New York Mercantile Exchange, natural gas futures for delivery in January were down 3.18% at $3.880 per million British thermal units during U.S. trading. The commodity hit a session low of $3.862, and a high of $4.031.The January contract settled down 1.89% on Monday to end at $4.007 per million British thermal units.

Copper prices resumed their decline on Tuesday, as ongoing concerns over the health of China’s economy weighed. On the Comex division of the New York Mercantile Exchange,Copper for March delivery fell by as much as 1.31% to touch a daily low of $2.860 a pound, before trading at $2.862 during European morning hours, down 3.6 cents, or 1.24%. A day earlier, copper for March delivery fell by as much as 2.77% to $2.765 a pound, a level not seen since June 2010, before turning higher to settle at $2.898, up 5.3 cents, or 1.88%.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1203.5 TARGET 1208.5 1214.5 SL 1197.5
  • SELL GOLD BELOW 1191.5 TARGET 1186.5 1180.5 SL 1197.5

For more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

3Dec
Forex Signals

IForex Market Trading Signals and News – 03 December 2014

TRADING TIPS :

  • Forex-Aussie weaker after disappointing Q3 GDP.
  • Forex-Dollar gains on U.S. construction data, ECB anticipations.
  • Forex-EUR/USD drops ahead of ECB meeting.

EUR/USD
EUR/USD was down 0.67% at 1.2387, up from a session low of 1.2386 and off a high of 1.2507.The pair was likely to find support at 1.2357, the low from Nov. 24, and resistance at 1.2507, Monday’s high. The euro weakened against the dollar on Tuesday after investors sold the currency and jumped to the sidelines to await the European Central Bank’s decision on interest rates and monetary policy later this week. The European Central Bank will announce its latest decision on monetary policy this Thursday, and investors avoided the euro ahead of time on uncertainty as to whether monetary authorities will announce fresh stimulus measures.

USD/JPY
USD/JPY was up 0.23% to 118.66, not far from Monday’s highs of 119.13, the strongest level since August 2007.The yen initially fell against the dollar on Monday before regaining some ground, after ratings agency Moody’s downgraded Japan’s sovereign debt rating by one notch to A1.The ratings agency cited “heightened uncertainty” over Japan’s ability to cut its fiscal deficit following a decision by Prime Minister Shinzo Abe to delay a planned sales tax increase.The dollar pushed higher against the yen on Tuesday, closing in on the seven year peaks hit in the previous session in the wake of a downgrade to Japan’s sovereign debt rating.The decision came after data showing that Japan’s economy unexpectedly fell into recession in the third quarter.

RECOMMENDATION :

1. Buy EUR/USD Above 1.2500-TG:1.2520/1.2550 SL 1.2470
2. Sell EUR/USD Below 1.2342-TG:1.2322/1.2292 SL 1.2372

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

3Dec
sgx 3 dec

Financial Sgx Singapore Stock Market Trading Picks And News – 03 December 2014

MARKET UPDATES :

  • SINGAPORE share prices opened up on Tuesday with the Straits Times Index up 24.47 points to 3,330.11. Volume was 74.2 million shares worth S$87.5 million. Gainers outnumbered losers 101 to 46.
  • SINGAPORE shares ended higher on Tuesday with the Straits Times Index gaining 16.68 points to 3,322.32. Some 1.18 billion shares, valued at S$1.07 billion were traded. Gainers numbered 219 while losers numbered 171.
  • THE oil market is now bracing itself for higher volatility as prices struggle to find a floor in the near term, with warnings of yet further downside. Prices for Brent crude oil continued to slide on Monday, following an already sharp sell-off on Friday, hitting a new four-year low of US$67.53 a barrel before rebounding later in the day.
  • Blackstone Group LP said it would sell its US industrial platform IndCor Properties to affiliates of Singapore sovereign wealth fund GIC Pte Ltd for US$8.1 billion (S$10.6 billion). As a result of the deal, IndCor will no longer pursue an initial public offering filed in September, Blackstone said in a statement.
  • After one of the most violent nights since pro-democracy protests began in Hong Kong, the city should brace for further clashes, analysts said Monday, as frustration grows at a lack of government compromise. Now entering their third month, the mass protests have been largely peaceful, but demonstrators say they are being forced to take more radical action as their pleas for political reform have fallen on deaf ears.
  • THE following stocks had announcements that could affect trading activity on Tuesday. CDL Hospitality Trusts: The stapled group has said it will spend about six billion yen, or about S$66.3 million, to buy two business economy hotels in Tokyo.
  • SINGAPORE Exchange (SGX) has hired Trading Screen to create its over-the-counter Asian bond trading platform, Trading Screen announced on Tuesday. In a statement, SGX president Muthukrishnan Ramaswami said: “Continuing with our tradition of innovation, we were keen to invest in technology that would equip the region with a versatile platform addressing the peculiarities of bond trading within the Asian markets.
  • The founders of Alibaba Group Holding Ltd and Tencent Holdings Ltd were among a consortium of investors who purchased stakes in Ping An Insurance Group Co of China Ltd in a HK$36.5 billion (US$4.7 billion) deal on Sunday, in one of the largest Hong Kong share offerings of the year.

STOCK RECOMMENDATION :

  • BUY SEMBCORP MARINE AT CMP 2.950 TARGET 3.010 , 3.110 SL 2.860

For more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

1Dec

Comex Commodity Trading Signals and Market News – 01 December 2014

INTERNATIONAL COMMODITY NEWS :

Gold prices fell further in early Asia on Monday with investors eyeing China manufacturing data. China is to release official data on manufacturing activity in November that came in at 50.8 in October as well as the HSBC manufacturing index expected at 50.0. On the Comex division of the New York Mercantile Exchange , gold future for February delivery traded at $1,153.50 a troy ounce, down 1.06%, after hitting the weakest level Nov. 14, before settling at $1,175.50 by close of trade, down $22.00, or 1.84% on Friday.

Crude oil prices dropped in early Asia on Monday ahead of key China PMI data. On the New York Mercantile Exchange, crude oil for January delivery traded at $66.51 a barrel, down 0.83%. China is to release official data on manufacturing activity in November that came in at 50.8 in October as well as the HSBC manufacturing index expected at 50.0. Last week, oil futures plunged to levels not seen in more than four years on Friday, after the Organization of the Petroleum Exporting Countries decided not to cut output at the conclusion of its highly-anticipated meeting.

• U.S. Natural gas futures tumbled more than 6% to hit a two-week low on Friday, as updated weather forecasting models for the first two weeks of December pointed to a return to mild weather, prompting investors to bet that utilities and homes will burn less natural gas as demand for heating falls. On the New York Mercantile Exchange, natural gas for delivery in January plunged 27.1 cents, or 6.22%, on Friday to settle at $4.084 per million British thermal units by close of trade.

Copper futures bounced off the previous session’s eight-month low on Thursday, amid speculation policymakers around the world will have to introduce further stimulus measures to support the global economy and boost growth. On the Comex division of the New York Mercantile Exchange, copper for March delivery tacked on 0.6 cents, or 0.21% to trade at $2.963 a pound during European morning hours. A day earlier, copper prices fell to $2.935 a pound, the lowest level since March 19, before settling at $2.956, down 2.1 cents, or 0.71%, amid mounting concerns over the health of the global economy.

• on the ICE Futures Exchange in London, Brent for January delivery dropped $2.43, or 3.35%, on Friday to settle at $70.15 a barrel by close of trade.

TRADING STRATEGY :

  • BUY GOLD ABOVE 1159 TARGET 1164 1170 SL 1153
  • SELL GOLD BELOW 1142.5 TARGET 1137.5 1132.5 SL 1148

For more information about Comex Commodity Market Trading or Signals, Please visit- EPIC RESEARCH PRIVATE LIMITED.

1Dec
Forex Signals

IForex Market Trading Signals and News – 01 December 2014

TRADING TIPS :

  • Forex-Dollar holds gains vs. rivals in holiday-thinned trade.
  • Forex-EUR/USD edges higher but upside seen limited.
  • Forex-USD/JPY rises after Japanese economic reports.

EUR/USD
EUR/USDhit 1.2490 during European afternoon trade, the session high; the pair subsequently consolidated at 1.2482, adding 0.13% The pair was likely to find support at 1.2400, the low of November 25 and resistance at 1.2571, the high of November 21. The euro edged higher against the U.S. dollar on Friday, but gains were expected to remain limited as euro zone inflation data added to expectations for the European Central Bank to announce additional stimulus measures at its monthly policy meeting next week.Official data earlier showed that euro zone consumer price inflation ticked down to an annualized rate of 0.3% this month from 0.4% in October, in line with expectations.

USD/JPY
USD/JPY hit 118.34 during late Asian trade, the pair’s highest since November 25; the pair subsequently consolidated at 118.13, gaining 0.33%The pair was likely to find support at 116.81, the low of November 16 and resistance at 118.97, the high of November 20 and a seven-year high.The U.S. dollar rose against the yen on Friday, despite the release of mostly positive Japanese economic reports as demand for the greenback remained broadly supported. Official data showed on Friday that Japan’s household spending declined by an annualized rate of 4.0% in October, compared to expectations for a 4.8% drop, after a 5.6% fall the previous month. A separate report showed that Japan’s retail sales rose by an annualized rate of 1.4% in October.

RECOMMENDATION :

1. Buy EUR/USD Above 1.2482-TG:1.2502/1.2532 SL 1.2452
2. Sell EUR/USD Below 1.2428-TG:1.2408/1.2378 SL 1.2458

For more information about Forex Signals and Market Updates, please visit EPIC RESEARCH PRIVATE LIMITED.

1Dec
sgx 01 dec

Financial Sgx Singapore Stock Market Trading Picks And News – 01 December 2014

MARKET UPDATES :

  • SINGAPORE share prices opened higher on Friday with the Straits Times Index up 4.33 points to 3,345.29. Volume was 77.1 million shares worth S$102.9 million. Losers outnumbered gainers 71 to 67.
  • SINGAPORE shares ended higher on Friday with the Straits Times Index gaining 9.54 points to 3,350.50. Some 1.20 billion shares, valued at S$1.2 billion were traded. Gainers numbered 183 while losers numbered 220.
  • THE Monetary Authority of Singapore (MAS) on Thursday laid out the potential strains on highly indebted corporates and households in Singapore, just a day after developers’ spirited call to lift property market curbs and ahead of US moves towards higher interest rates. But the private debt situation does not pose systemic risks, going by the central bank’s stress tests in its annual financial stability review.
  • REAL incomes grew again in 2014, albeit at a far slower pace than last year’s rate, said the Ministry of Manpower (MOM) on Friday. According to preliminary figures, Singapore’s real median income grew by 0.4 per cent in 2014, “following exceptionally high increases” of 4 per cent in 2013.
  • KPLD announced that its wholly owned subsidiary, DC REIT Holdings Pte Ltd, has entered into a subscription agreement with Keppel DC REIT Management Pte. Ltd., the manager of Keppel DC REIT, to subscribe for ~43.3m units in Keppel DC REIT at a price per unit equal to the issue price in the upcoming offering.
  • OPEC meeting concludes, no crude output cut:Without the hope that OPEC would support prices like it did in the past, prices lost all support. Without OPEC intervention, this would leave the global crude market in oversupply and would likely continue to drive prices down. OPEC seems adamant about keeping market share and is likely the main reason why they refrained from output cuts. With the conclusion of one of main events in the oil markets for the year, it seems we will be ending the year in red for oil.
  • ALMOST half the winners honoured at the Enterprise 50 Awards dinner were fresh faces, upping the ante at what has become one of the most prestigious award evenings on the corporate calendar. While there are more than a few awards for local enterprises, E50, which entered its 20th year in style last night at Resorts World Sentosa, remains a key attraction.
  • PRICES of completed non-landed private homes in Singapore rose 0.3 per cent in October compared with September, according to the latest flash estimates of the National University of Singapore’s Overall Singapore Residential Price Index (SRPI). The revised index value for September reflects a 0.7 per cent month-on-month drop.

STOCK RECOMMENDATION :

  • BUY OLAM INTER ABOVE 2.180 TARGET 2.250 2.350 SL 2.080

For more information about SGX stock market please feel free to visit EPIC RESEARCH PRIVATE LIMITED.

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